AP NEWS

Altisource Portfolio: 4Q Earnings Snapshot

March 5, 2020 GMT

GRAND DUCHY OF LUXEMBOURG, Luxembourg (AP) _ Altisource Portfolio Solutions SA (ASPS) on Thursday reported a loss of $306.1 million in its fourth quarter.

On a per-share basis, the Grand Duchy Of Luxembourg, Luxembourg-based company said it had a loss of $19.66. Earnings, adjusted for non-recurring costs and stock option expense, were 26 cents per share.

The real estate services firm posted revenue of $140.7 million in the period. Its adjusted revenue was $132.6 million.

For the year, the company reported that its loss widened to $308 million, or $19.26 per share. Revenue was reported as $621.9 million.

Altisource Portfolio shares have dropped 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.52, a decrease of 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASPS at https://www.zacks.com/ap/ASPS